De Banke Group Limited - Accounts to registrar (filleted) - small 18.2

De Banke Group Limited - Accounts to registrar (filleted) - small 18.2

DE BANKE GROUP LIMITED - Company Information

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REGISTERED NUMBER: 04025383 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2018

for

De Banke Group Limited
De Banke Group Limited (Registered number: 04025383)






Contents of the Financial Statements
for the Year Ended 31 October 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


De Banke Group Limited

Company Information
for the Year Ended 31 October 2018







DIRECTOR: Mr S V De Banke





SECRETARY: Mr S V De Banke





REGISTERED OFFICE: Unit 9 & 10, Rosemary Court
Oldwich Lane West
Chadwick End
Solihull
West Midlands
B93 0BJ





REGISTERED NUMBER: 04025383 (England and Wales)





ACCOUNTANTS: Cottons Accountants LLP
1 Billing Road
Northampton
Northamptonshire
NN1 5AL
Page 1
De Banke Group Limited (Registered number: 04025383)

Abridged Balance Sheet
31 October 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 228,930 209,133
Investments 6 1,752 1,752
230,682 210,885

CURRENT ASSETS
Debtors 598,404 1,107,109
Cash at bank 672,118 34,751
1,270,522 1,141,860
CREDITORS
Amounts falling due within one year 452,525 315,212
NET CURRENT ASSETS 817,997 826,648
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,048,679
1,037,533

PROVISIONS FOR LIABILITIES 10,782 10,782
NET ASSETS 1,037,897 1,026,751

CAPITAL AND RESERVES
Called up share capital 512 512
Retained earnings 1,037,385 1,026,239
SHAREHOLDERS' FUNDS 1,037,897 1,026,751

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The notes form part of these financial statements

Page 2 continued...
De Banke Group Limited (Registered number: 04025383)

Abridged Balance Sheet - continued
31 October 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 31 July 2019 and were signed by:





Mr S V De Banke - Director


The notes form part of these financial statements

Page 3
De Banke Group Limited (Registered number: 04025383)

Notes to the Financial Statements
for the Year Ended 31 October 2018

1. STATUTORY INFORMATION

De Banke Group Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost
Equipment - 33% on cost and 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.


Page 4 continued...
De Banke Group Limited (Registered number: 04025383)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2018

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different
from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and
laws that have been enacted or substantively enacted by the year end and that are expected to apply to the
reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2017 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2017
and 31 October 2018 12,865
AMORTISATION
At 1 November 2017
and 31 October 2018 12,865
NET BOOK VALUE

At 31 October 2018 -
At 31 October 2017 -

Page 5 continued...
De Banke Group Limited (Registered number: 04025383)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2018

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2017 328,817
Additions 120,550
At 31 October 2018 449,367
DEPRECIATION
At 1 November 2017 119,684
Charge for year 100,753
At 31 October 2018 220,437
NET BOOK VALUE
At 31 October 2018 228,930
At 31 October 2017 209,133

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 November 2017
and 31 October 2018 1,752
NET BOOK VALUE
At 31 October 2018 1,752
At 31 October 2017 1,752

7. TRANSACTIONS WITH DIRECTORS

At the balance sheet date the director owed the company £288,071 (2017: £272,715). The loan is unsecured,
interest free and there are no set terms of repayment.

Page 6